Gulf Coast Commercial Acquires Retail Asset In Birmingham From Nuveen Real Estate For $27M

The transaction involved the sale of a retail property located at 4606-4614 US-280 in Birmingham, AL. The asset was sold for $27 million and includes 43,000 square feet available for leasing. The property was 75% leased at the time of sale, positioning it in a high-demand retail market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,000,000
• Buyer: Gulf Coast Commercial
• Seller: Nuveen Real Estate
• Market: Birmingham, AL
• Brokers: Brad Buchanan & Jim Hamilton - JLL

JLL Capital Markets facilitated the transaction, connecting Nuveen Real Estate with Gulf Coast Commercial for the sale. The deal highlights the involvement of key brokers, Brad Buchanan and Jim Hamilton, who represented the parties in this transaction.